Farmland Partners Inc. (NYSE: FPI) Q3 2020 Supplemental Package

Disclaimer

Forward Looking Statements

Some of the statements contained in this presentation, including statements regarding our portfolio development approach, our pending acquisitions and dispositions, and other investment opportunities, our future growth prospects and targeted returns, farmland investment characteristics and certain trends, constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward- looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "projects," "predicts," or "potential" or the negative of these words or similar words, which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward- looking statements by discussions of strategy, plans or intentions.

Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. Some factors that might cause such a difference include the following: the impact of the COVID-19 pandemic and efforts to reduce its spread on our business and on the economy and capital markets generally, availability, terms and deployment of capital, changes in the Company's industry, interest rates or the general economy, the ability to consummate acquisitions or dispositions under contract and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

2

Dispositions Summary

($ in thousands)

Timing of

Depr. and

Gain (Loss) on

Disposition (1)

Region(s)

Year(s) Purchased

Gross Proceeds

Amortization

Sale

2018

Q1

-

-

$

-

$

-

$

-

2018

Q2

High Plains

2016

2,000

87

214

2018

Q3

Corn Belt, Delta and South

2014, 2016, 2017

29,941

52

3,263

2018

Q4

-

-

-

-

-

2018

Total

31,941

139

3,477

2019

Q1

Corn Belt

2016

4,724

6

418

2019

Q2

Corn Belt, Southeast

2017

29,678

449

7,286

2019

Q3

Delta and South

2014

1,100

-

394

2019

Q4

-

-

-

-

-

2019

Total

35,502

455

8,098

2020

Q1

-

-

-

-

-

2020

Q2

High Plains, Corn Belt

2014, 2016

8,244

353

1,055

2020

Q3

Corn Belt

2016

5,200

-

1,271

2020 Q4 QTD

Delta and South

2014

3,987

35

463

2020

YTD

17,431

388

2,789

Total Completed

$

84,874

$

982

$

14,364

Pending Dispositions(2)

2021

Q1

Southeast

2017

19,388

140

3,552

Total

$

104,262

$

1,122

$

17,916

____________________

  1. No farm dispositions were completed prior to 2018.
  2. Preliminary estimates.

3

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Farmland Partners Inc. published this content on 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 12:11:06 UTC